ProShare Advisors LLC cut its stake in Deckers Outdoor Corporation (NYSE:DECK) by 21.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,190 shares of the textile maker’s stock after selling 1,414 shares during the quarter. ProShare Advisors LLC’s holdings in Deckers Outdoor Corporation were worth $354,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in shares of Deckers Outdoor Corporation by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 910,276 shares of the textile maker’s stock worth $62,136,000 after acquiring an additional 13,757 shares during the last quarter. TIAA CREF Investment Management LLC increased its stake in shares of Deckers Outdoor Corporation by 49.1% in the first quarter. TIAA CREF Investment Management LLC now owns 140,397 shares of the textile maker’s stock worth $8,386,000 after acquiring an additional 46,221 shares during the last quarter. Capital Fund Management S.A. acquired a new position in shares of Deckers Outdoor Corporation in the second quarter worth $848,000. Sei Investments Co. increased its stake in shares of Deckers Outdoor Corporation by 1,053.7% in the second quarter. Sei Investments Co. now owns 17,063 shares of the textile maker’s stock worth $1,164,000 after acquiring an additional 15,584 shares during the last quarter. Finally, DSAM Partners London Ltd acquired a new position in shares of Deckers Outdoor Corporation in the second quarter worth $1,087,000. 99.57% of the stock is currently owned by institutional investors and hedge funds.

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Shares of Deckers Outdoor Corporation (DECK) opened at 71.25 on Monday. The company has a market capitalization of $2.28 billion, a PE ratio of 102.37 and a beta of 1.33. The firm’s 50-day moving average is $64.83 and its 200-day moving average is $63.43. Deckers Outdoor Corporation has a 12-month low of $44.00 and a 12-month high of $72.72.

Deckers Outdoor Corporation (NYSE:DECK) last released its quarterly earnings data on Thursday, July 27th. The textile maker reported ($1.28) earnings per share for the quarter, topping the consensus estimate of ($1.67) by $0.39. The company had revenue of $209.70 million for the quarter, compared to analyst estimates of $178.36 million. Deckers Outdoor Corporation had a net margin of 1.23% and a return on equity of 14.25%. Deckers Outdoor Corporation’s revenue for the quarter was up 20.2% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.80) EPS. On average, equities research analysts anticipate that Deckers Outdoor Corporation will post $4.08 EPS for the current fiscal year.

A number of equities analysts have recently weighed in on the stock. Robert W. Baird reaffirmed a “hold” rating and issued a $67.00 price target on shares of Deckers Outdoor Corporation in a research note on Friday. Stifel Nicolaus upped their price target on shares of Deckers Outdoor Corporation from $74.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday. Pivotal Research assumed coverage on shares of Deckers Outdoor Corporation in a research note on Thursday. They issued a “buy” rating and a $80.00 price target on the stock. BidaskClub raised shares of Deckers Outdoor Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, October 3rd. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $66.00 price target on shares of Deckers Outdoor Corporation in a research note on Friday, September 29th. Eleven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $67.67.

Deckers Outdoor Corporation Company Profile

Deckers Outdoor Corporation is engaged in designing, marketing and distributing footwear, apparel and accessories for both everyday casual lifestyle use and high performance activities. The Company’s segments include operations of its brands, such as UGG, Teva, Sanuk and other brands; wholesale divisions, and Direct-to-Consumer (DTC) business, which includes E-Commerce business and retail store business.

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Institutional Ownership by Quarter for Deckers Outdoor Corporation (NYSE:DECK)

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